Ever since someone bought 2 pizzas with 10,000 bitcoins back in 2009, the subject of cryptocurrencies has become more and more popular. With the growing popularity of Bitcoin, the market has expanded so much that there are now over 13,000 different worldwide cryptocurrencies, according to CoinGecko. Indeed, there would not have been such a large number of assets if it had not brought a lot of benefits to traders or investors. From low-cost trading to transaction anonymity, we can find many perceived benefits.
With so much buzz and hype surrounding the subject of Blockchain and cryptocurrencies, we should see what the benefits of owning crypto are in 2022:
1. Potential for high returns
Each cryptocurrency on the market has its own characteristics, but they all have in common periods of volatility that can be shorter or longer. If you are familiar with the subject, you know that the price of Bitcoin has risen by a fraction of a penny and has brought impressive gains to investors at the beginning of the road. But since 2009 and until now, the price of Bitcoin has not risen steadily. In some periods, it has even reached alarmingly low thresholds that have brought panic to investors who have started investing along the way. As more and more people focus on the benefits of cryptocurrency trading, the number of investors and traders looking for investment opportunities, not just in Bitcoin, has grown considerably. Some of them ended up with severe losses, while some won exponentially.
2. Inflation protection
You probably remember how your grandparents used to tell you that things were much cheaper in their day. When governments decide to print money, the price of goods and services begins to increase gradually. Many currencies offer a hedge against inflation by limiting supply. For example, Binance Coin (BNB) is a limited asset, and there can never be more than 200 million BNB on the market.
In the traditional system, when inflation rises, the purchasing power of a currency decreases. The cryptocurrency market is not affected by inflation, so that the digital asset price may rise or fall. Bitcoin doubled in value from mid-December 2020 to early January 2021, when inflation concerns in the US began to emerge. But then, without any sign that inflation was a problem, it lost about 25% of its value in 4 days.
Cryptocurrencies are considered to have the same anti-inflationary properties as gold due to their limited emission and purchasing power not influenced by government regulations. The subject is still controversial, and opinions remain divided.
3. 24/7 Markets
Unlike fiat money exchanges, cryptocurrency exchanges are open non-stop. You can seize the investment opportunities in cryptocurrencies, depending on how much time you spend tracking the market. But if a project interests you, you will definitely keep an eye on it to catch the perfect moment to load your virtual wallet.
4. Diversification of Crypto in 2022
Every currency finds investors because there are so many cryptocurrencies on the market that solve problems in various industries. People increasingly want to impact the society in which they live positively, so they find it appropriate to invest in projects that align their principles and values with their own. Some virtual wallets can contain an infinite number of token types, so the decision on how many coins you want to have in your crypto portfolio is up to you. But don’t rush to decide which digital currencies to add to your wallet! The Blockchain has revolutionized many industries we interact with daily, such as media and entertainment, travel and transportation, healthcare, and retail. Research and find out which projects you would like to invest in.
5. Revolutionizing the way transactions are made
We believe that this is the most common benefit, but since it is known and understood by most investors and traders, we decided to leave it at the end of the list of benefits of owning crypto in 2022.
Cryptocurrency trading is
- done anonymously,
- in a short time, and
- at a low cost.
Data security is done through cryptography, making it difficult for hackers to access and defraud data. Peer-to-peer transactions are stored in a database managed by all users of the blockchain network, so there are tens to millions of stored transactions. For a hacker to successfully carry out a cyberattack, he must discover a way to access and modify multiple transactions. For this reason, the transactions you make on a blockchain-based platform are secure.
If these benefits have piqued your interest, reserve your spot on our crypto research platform so you can make informed decisions at any time. Access the articles, make predictions, and dare to challenge the influencers when you have a different opinion. Also, our telegram community is waiting for you with open arms.